‘Lower business cost vital’

If the economy is to experience the projected 0.7 per cent growth or anything above, Government must focus on reducing the cost of doing business, specifically for the manufacturing sector.
That is according to Ryan Straughn, president of the Barbados Economic Society, who told the DAILY NATION yesterday that all hope for the economy was not lost, but an aggressive alternative energy plan was needed which should result in increased employment and economic activity.
Straughn was responding to the economic review Tuesday by Central Bank Governor Dr Delisle Worrrell, who the economy registered no growth for 2012.
“The flat growth performance resulted from a decline in tourism, other traded services and manufacturing.” (MM)